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CloudCoin to be accepted as payment at virtual mall

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XYZBUYS.com will become the first online retailer to accept CloudCoin as payment. Implementation is expected within the second quarter of 2018.

XYZBUYS is the anchor tenant of a virtual shopping mall along with 130-plus name brand and specialty retail stores featuring over two million products, in additional to products and services offered by hundreds of XYZ affiliates.

CloudCoin lead scientist Sean Worthington discussed this major advancement on a recently aired “The XYZ Radio Show” on iHeart Radio.

Cloud-Currency Expert Sean Worthington is Guest on “The XYZ Show”

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CloudCoin continues the series of successful media appearances over the United States introducing the RAIDA technology and presenting the updates of our journey to create the perfect digital currency. Sponsored by XYZBUYS.com, “The XYZ Show” is pleased to announce that Sean Worthington, cloud-currency expert and initiator of the “CloudCoin”, will be the featured guest. The “XYZ Show” airs on AMFM247.com this Saturday, 3/31/2018, at 9:00 AM EST.

XYZBUYS is the anchor tenant of a virtual shopping mall along with 130+ name brand and specialty retail stores. Rooted in community, XYZBUYS encourages everyone to take initiative for their career and financial future.

10 reasons why CloudCoin is better than Bitcoin and will dominate the world of digital currencies

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If you are not living under a rock you already know at least one or two things about the newest stars on the internet – Blockchain and Bitcoin (traded as BTC). There are public listed companies nowadays which added Blockchain to their name and became 300% more valuable in the span of just few days. The absolute harsh reality is that 95.89% of Bitcoins are owned by 3.47% of the wallets (September 2017 stats) this meaning at the end of the day that the owners of the wallets can manipulate the price of Bitcoins.

Also, for a transaction of $5 in Bitcoin equivalent the fees are $20 in average which makes a daunting task for BTC to be mass adopted in retail. If you also add the fact that it takes hours to even days to have a transaction confirmed then you simply understand that Bitcoin failed big time in becoming a mass adopted currency. The major payment platform Stripe announced recently that will stop processing Bitcoin transactions on April 23, 2018. Stripe staff anounced this on the blog: “Over the past year or two, as block size limits have been reached, Bitcoin has evolved to become better-suited to being an asset than being a means of exchange. Given the overall success that the Bitcoin community has achieved, it’s hard to quibble with the decisions that have been made along the way. (And we’re certainly happy to see any novel, ambitious project do so well.)

This has led to Bitcoin becoming less useful for payments, however. Transaction confirmation times have risen substantially; this, in turn, has led to an increase in the failure rate of transactions denominated in fiat currencies. (By the time the transaction is confirmed, fluctuations in Bitcoin price mean that it’s for the “wrong” amount.) Furthermore, fees have risen a great deal. For a regular Bitcoin transaction, a fee of tens of U.S. dollars is common, making Bitcoin transactions about as expensive as bank wires.

Because of this, we’ve seen the desire from our customers to accept Bitcoin decrease. And of the businesses that are accepting Bitcoin on Stripe, we’ve seen their revenues from Bitcoin decline substantially. Empirically, there are fewer and fewer use cases for which accepting or paying with Bitcoin makes sense.” Read here the entire article on Stripe’s blog! 

Lead Scientist Write’s Book: Beyond Bitcoin The Future of Digital Currency

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People who want to learn more about CloudCoin and digital currencies in general, can now turn to a new book that describes what money is how it can be made perfect. . The secrets of money have been discovered. Monetary systems are, in fact, information systems. They are accounting systems that help humans economize. Like all animals, humans must economize to survive. Monetary systems allow each of us to make decisions to coordinate our actions and to optimize. You can get the ebook from Amazon with instant delivery here!    

Now it’s the people that know the money own it

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“In the past, the people that had the money in their wallet (had) physical ownership,” Sean Worthington, the founder of RAIDA and CloudCoin said during the recent interview with Chicoer.com. He continued: “Now it’s the people that know the money own it.”